Raydium (RAY), the decentralized exchange (DEX) built on the Solana blockchain, has been making waves in the crypto market recently, hitting the $7 mark for the first time since 2021. The altcoin's impressive 15% surge in just 24 hours has made it one of the most notable performers in a market that has seen some bearish action in recent times.

Raydium (RAY), a decentralized finance (DeFi) protocol built on the Solana blockchain, has garnered attention for its unique features, acting as an Automated Market Maker (AMM) and liquidity provider for the Serum DEX. The RAY token is integral to the platform, used for staking, governance voting, and earning protocol fees.

The breakout beyond the range highs occurred on high trading volume, indicating bullish conviction.

RAY, the native token of Solana-based automated market maker (AMM) and liquidity provider Raydium, has emerged as the market's top gainer over the past 24 hours. This has happened despite the broader market pullback during that period.

Amid increased bearish action, the crypto market has dropped to a notable extent with the price of Bitcoin retesting its important support trendline. Talking about the Ethereum-killer Solana, the SOL price has experienced a major correction following the rising concern about the Solana Network congestion.

Raydium price has surged to a record high of $7.8520, making it one of the best-performing crypto token in the industry. It has soared by over 3,200% as its network continued to flip popular decentralized exchange networks like Uniswap and PancakeSwap.

RAY has enjoyed the spoils of Raydium DEX's impressive lead in Solana.

Raydium (RAY) has had an exceptionally bullish week, surging over 62% in less than six days and capturing the spotlight in the decentralized exchange (DEX) market. This impressive rally has positioned Raydium as a market leader, with strong momentum that shows no signs of slowing down.

A surge in DEX token prices coincided with the launch of the so-called “official” Trump meme coin on Solana. Solana DEX tokens like Raydium, Jupiter, and Orca prices were among the top gainers in the hours that followed.

NFT market momentum was evident this week alongside broader crypto gains, as Bitcoin surpassed $103,000. Bitcoin (BTC) NFTs, meanwhile, fell 10.9% to $27.5 million, though buyer participation soared 174.98% to 23,827.

Bitcoin (BTC) briefly reclaimed $100,000 after registering a jump of almost 3%, making a strong recovery after plunging below $90,000 a day prior. The increase can be attributed to fresh inflation data and regulatory developments considered bullish for the flagship cryptocurrency.

The PENGU meme coin, currently in a tight race with Bonk (BONK), has crossed a $2 billion market cap, but its ADX and RSI indicators show mixed signals.

PENGU price has surged more than 9% in the last 24 hours, reclaiming the $2 billion market cap threshold. This rally solidifies its position as the second-largest meme coin on Solana, trailing BONK closely in a fierce competition for the top spot.

As Bitcoin (BTC) hits its lowest level since mid-November, major meme cryptocurrencies are on the list of the worst performers in the last 24 hours. Meanwhile, the liquidation tsunami erased over half a billion in crypto positions.

The beta phase of Raydium includes over 70 trading pairs with leverage reaching 40x. It also introduces zero maker fees and taker fees set at 0.025%.

Decentralized exchange Raydium will offer future trading to Solana users, with the feature currently available in beta

Raydium launches perpetual futures trading beta with gas-free trading and low fees. Solana DEXs target $650B on-chain derivatives market.

Decentralized exchanges (DEX) are increasing their relevance on the cryptocurrency trading landscape, approaching the centralized platforms (CEX) in volume. In this context, Finbold selected three DEX projects to keep an eye for 2025.

PENGU price has dropped roughly 10% in the last 24 hours after becoming Solana's biggest meme coin. Despite its recent popularity, the asset's momentum has slowed, with technical indicators suggesting potential consolidation or further downside.

Pudgy Penguins assets are all rising in value ahead of the launch of Abstract, an Ethereum layer-2 network from the project's parent company.

PENGU's surge highlights the volatile nature of crypto markets and the potential impact of speculative partnerships on asset valuations. The post Pudgy Penguins' PENGU token soars 26%, flips OP in market cap appeared first on Crypto Briefing.

As Bitcoin (BTC) tries to recapture the $100k level, the cryptocurrency market led by Sui (SUI), Pudgy Penguins (PENGU), and Rai Reflex Index (RAI) has come into life once again ahead of the much-anticipated swearing-in of Donald Trump as the 47th president of the United States.

The Raydium token rose for five consecutive days as its protocol volume rebounded sharply in the last seven days. Raydium (RAY) rose to $5.6, its highest level since Dec. 11 and 50% above its lowest level in December.

Pudgy Penguins (PENGU), a Solana meme coin, has surged by 12%, reaching $0.40, fueled by a strong bullish trend in the broader crypto market.

AI16Z has achieved a $2.581 billion market cap and set a new benchmark for AI-powered tokens on Solana.

The past year was incredible for the crypto industry amid the confluence of several tailwinds starting with the approval of Bitcoin spot exchange-traded funds (ETFs) in January.

Ethereum's NFT trading volume surged to $186 million last week, marking a 67% increase from the previous week's $111 million.

Here's a quick rundown of how some of your favorite assets wrapped up the week.

Bonk has retaken its position as Solana's leading meme coin, reaching a market capitalization of $2.5 billion. The recent surge was after a community-driven token burn and price increase.

LDO and DYDX are among the top gainers in the past 24 hours as cryptocurrencies look to end the year on a high. This is amid expectations of a further bull market rally in 2025, buoyed by a pro-crypto Donald Trump administration.

Ethereum NFT trading volume surged to $186 million last week, a 67% increase from the previous week.

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token's rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days.

Cryptocurrencies exhibited mixed signals on Thursday as Bitcoin struggled around the $95,000 mark. While sellers threatened continued dips, MOON DENG, PENGU, and Ripple's XRP had optimistic updates for their communities. Let us find out more. MOODENG explodes in gloomy markets Digital assets traded in red today as the global cryptocurrency market cap plummeted 3.

Pudgy Penguins (PENGU) price has surged 12% in the last 24 hours, surpassing BONK to become the largest meme coin in the Solana ecosystem with a market cap of approximately $2.5 billion.

The broader Solana meme coin market surged to $18.2 billion, representing a 10.3% increase over the last day, driven by PENGU's performance.

Pudgy Penguins surges in the last 24 hours even as most cryptos recover from recent corrections.

PENGU meme coin jumps 28% as Pudgy Penguins creator challenges Dogecoin dominance. Is this the next big crypto contender? Here's what you need to know. The post PENGU Meme Coin Surges 28% as Pudgy Penguins Creator Takes Shots at Dogecoin – Can it Overtake DOGE? appeared first on Cryptonews.

Cryptocurrency prices today showed overall gains, with the global crypto market cap rising 3.50% to $3.44 trillion. The total trading volume over the last 24 hours has decreased by 16% due to Christmas.

Solana (SOL) reached a new daily transaction record, handling 72M transfers, despite a 37% transaction failure rate. Solana gets a boost from meme token activity and the spike of Pengu (PENGU) trading.

Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu.

Santa Claus rally happened in the crypto industry as some big altcoins experienced double-digit gains. Pudgy Penguins (PENGU), the recently airdropped token, soared by 40% on Dec. 24, bringing its market cap to $2.26 billion.

The crypto market is now stabilizing after facing a rough patch, with the total market cap now holding firm roots at $3.31 trillion. The intraday trade however saw a decline of 1.50%, taking the numbers to $150.08 billion.

The Pudgy Penguins (CRYPTO: PENGU) meme coin is seeing a surge in interest, fueled by new exchange listings, bullish sentiment and whale accumulation. What Happened: Onchain Lens data shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.

Of course, nobody knows the future, least of all when it comes to crypto prices.

The crypto market faced a pullback following its recent rally, leading to corrections across altcoins. Meme coins were no exception, though Fartcoin and a few others defied the trend, drawing investor interest due to their unique and absurd appeal.

Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday. What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.

The Pudgy Penguins project has initiated a significant airdrop of its new token, PENGU, on the Solana blockchain, valued at $1.5 billion.